2021
Exports | Imports
$35.6M | $30.1MWorld Rnk 21 / 151
Flag Rnk 199 / 1186
World Rnk 39 / 211
Flag Rnk 428 / 1210
2021
ECONOMIC COMPLEXITY of Norway
0.69Rnk 38 / 131
2021
PRODUCT COMPLEXITY IN Electric Furnaces
1.53Rnk 43 / 1024

About

Exports In 2021, Norway exported $35.6M in Electric Furnaces, making it the 21st largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 199th most exported product in Norway. The main destination of Electric Furnaces exports from Norway are: China ($7.92M), United States ($6.04M), Germany ($2.77M), Sweden ($2.27M), and Russia ($2.03M).

The fastest growing export markets for Electric Furnaces of Norway between 2020 and 2021 were China ($4.35M), Russia ($1.89M), and Canada ($884k).

Imports In 2021, Norway imported $30.1M in Electric Furnaces, becoming the 39th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 428th most imported product in Norway. Norway imports Electric Furnaces primarily from: Italy ($4.06M), Sweden ($3.99M), Germany ($3.88M), Romania ($3.4M), and France ($2.8M).

The fastest growing import markets in Electric Furnaces for Norway between 2020 and 2021 were China ($2M), France ($1.87M), and Sweden ($1.27M).

Latest Trends

Dec 2023

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Electric Furnaces. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2021)$35.6M
IMPORTS (2021)$30.1M
NET TRADE (2021)$5.47M

In 2021, Norway exported $35.6M in Electric Furnaces. The main destinations of Norway exports on Electric Furnaces were China ($7.92M), United States ($6.04M), Germany ($2.77M), Sweden ($2.27M), and Russia ($2.03M).

In 2021, Norway imported $30.1M in Electric Furnaces, mainly from Italy ($4.06M), Sweden ($3.99M), Germany ($3.88M), Romania ($3.4M), and France ($2.8M).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Norway WERE (2020 - 2021):
China$4.35M (122%)
Russia$1.89M (1.36k%)
Canada$884k (1.48k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Norway WERE (2020 - 2021):
Sweden-$1.26M (-35.7%)
Germany-$1.02M (-26.9%)
United Kingdom-$970k (-54%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, Norway's main exporting competitors in Electric Furnaces were:
China $1.16B
Italy $646M
In 2021, Norway's main importing competitors in Electric Furnaces were:

Explore Visualizations

Trade Value of Electric Furnaces by Exporters

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